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FOR PROFESSIONAL CLIENTS ONLY. SHADOWFALL IS SHORT CIVITAS SOCIAL HOUSING PLC (CSH LN)
CIVITAS SOCIAL HOUSING PLC (CSH LN)
ShadowFall has published an open letter to the board of Civitas on the day of the company’s AGM for the interest of shareholders. The letter questions and seeks answers around 1) transparency regarding Civitas’ acquisitions, disposals and leases; 2) the overall viability of Civitas’ business model; and 3) concentration of risk among its tenancy base, where we see common director overlap between tenants and property developers, unreliable accounts of some tenants and inconsistencies regarding Civitas’ disclosures and some of its tenants.
Published: 22nd September 2021
Network International Holdings PLC
When Irish Eyes are Smiling on Africa and the Middle East
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